FX:USDJPY   U.S. Dollar / Japanese Yen
7
Pivot trend lines are dynamic and change with the new pivot point. Price is currently above the daily pivot along with the 8hr pivot. We have three price blockers below weekly pivot and two pivot highs. Three supply zones above. Potential pattern in play. Price is presently in the pivot channel - do not want to the bottom trend lost to price. Looking for price to complete the right shoulder and carry onto 116.30. If we lose bottom of pivot channel then long play is void. Negatively to enter long would be the fact price is in the channel and price is below the 8hr pivot. Positively the 8hr pivots and daily pivots are making new highs - average price is increasing, there is a potential pattern in play
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